Historically low module prices are expected to propel the global solar industry to record installations in 2023.
The funding adds to a $500 million equity investment made in Longroad Energy in 2022.
The US solar power market navigated through significant developments, including a decline in total PV from 2021, a surge in community solar projects, increased corporate solar adoption, and impactful policy shifts such as the Inflation Reduction Act.
The rollercoaster of surging and plunging demand is a familiar feature of many PV marketplaces. Ethan Miller, the chief operating officer of Powur, a residential solar sales and project fulfillment platform, reports that the ‘solar coaster’ has arrived in the United States this year.
The manufacturer is expected to save around 40% on its annual electricity bill.
With native timber and moss covered rocks on the outside, the building has energy efficiency features on the inside and is topped with a 53 kW solar array mounted on its metal roof.
Interconnection, or the process of acquiring a utility’s permission to connect to the local distribution grid, threatens to derail tremendous progress being made across the country to build out innovative types of energy, including community solar.
Also on the rise: Solar tax credit transfer market gains momentum. Two corporate giants sign up for power from Texas solar plant. And more.
Fujifilm and Bristol Myers Squibb executed power purchase agreements with National Grid for energy resources from the Blevins Solar Project in Falls County, Texas.